Yahoo Answers is shutting down on 4 May 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Can US Liberals explain why most of the Richest US President were Democrats?

Including the current one. What I am getting at is that Democrats and Liberals are always saying that we must Tax the Rich as much as possible, when it has been proven time and time again that the Majority of the Rich here in the US belong to the US Democrat Party.

Update:

Tax Breaks came from Republicans? You better do some more research there. It's been a Historical Fact for quite some time now, that US Tax Breaks for the Rich have come when US Democrats have been in Control of the US House and Senate, plus every once in a while, they also had control of the US Presidency at the same time. Plus Clinton is rated in the top 10 Richest Presidents and also above Kennedy.

Update 2:

@meg: neither Bush is in the Top 10 and JFK was born into Wealth and Ranks at the Number 10. Jefferson, Madison, Jackson, and FDR Inherited their Wealth (all 4 were in the Upper 1%).

10 Answers

Relevance
  • Anonymous
    7 years ago
    Favourite answer

    The taxation of the rich is really just a talking point. Neither party wants to tax the rich. All they are really talking about is taxing the upper middle class. If they actually wanted to tax the rich, they would target all of the loopholes that only the rich enjoy. There is no reason to increase the tax rate, as that only hits the upper middle class, since the rich can move their money to take advantage of the loopholes and entirely avoid any rate increase.

  • meg
    Lv 7
    7 years ago

    All recent president look rich only if you do not account for inflation and the money they made after leaving office. Of the president since WWII only JFK and the Bushes were born in the top 1%

  • 7 years ago

    Being rich and trying to get rich off of people with your power are 2 different subjects all together. If I were rich I wouldn't mind giving up my riches to make society advance to a higher level. I don't need money if the world moves forward - you should evolve to my level of thinking.

  • Anonymous
    7 years ago

    Liberal views - The Republicans are the Party of the "Rich". The "rich" is all they care about.

    If so, then they aren't being paid much for it

    Fact - 2008 and 2012

    many more donations from banks and Wall Street investment firms went to Democrats. Seventy-five percent of hedge fund donors supported President Obama's campaign, and 90 of 100 top corporate campaign donors contributed to the DNC or Democrat campaigns. The majority of current donations to President Obama's re-election campaign are from large, not small donors

    Meanwhile - The wage gap has gotten wider under Obama

    Wall Street profits have exploded under Obama

    But yea, they'll keep pushing that Myth around campaign time

    http://www.opensecrets.org/pres08/contrib.php?cycl...

    It's a shell game. Raise the taxes on the rich with one hand, give them breaks under the table with the other

  • ?
    Lv 7
    7 years ago

    The Democratic Party politicians are a bunch of rich people bashing other people for being almost as rich as they are.

    The Kennedys and Clintons are Democrats.

    Madoff is a Democrat.

    The whole "evil rich people" thing is a crock.

  • Anonymous
    7 years ago

    Cause they take and keep. Don't be fooled by Obamas share the wealth B.S.

  • Anonymous
    7 years ago

    I suspect they feel guilty having all that money. So they promote taking money from producers (but not their money) and giving it to non-producers in an effort to get their votes.

    Source(s): www.mises.org www.fff.org www.jbs.org
  • 7 years ago

    Because Democrat presidents promote economic growth, helping everyone to get richer, while Republican presidents destabilize economies, making everyone poorer.

    Rich Democrats are willing to be taxed more. There is no hypocrisy here. It's been rich Republicans who have kept rich Democrats' tax rates low.

  • Patch
    Lv 5
    7 years ago

    Interesting...evidence that Liberals DO work hard despite Connie claims that liberals are all lazy.

  • ?
    Lv 7
    7 years ago

    They readily accept Income inequality if it is their Messiah.

    Source(s): "OBONGO DRUMS"
Still have questions? Get answers by asking now.